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ied-INVESTools Reports Strong Revenue Growth and Profit in Fourth Quarter
Thursday February 26, 6:00 am ET


HOUSTON--(BUSINESS WIRE)--Feb. 26, 2004--INVESTools Inc.(AMEX:IED - News):
Revenue Advances 50% from the Same Period a Year Ago;

Net Profit Rises 91%; Cash and Marketable Securities

at Year-End Are $12.3 Million, Up from $5.2 Million a Year Ago

Fourth Quarter 2003 Highlights:

Follow-On sales to existing customers represents an increasing share of revenue; and
INVESTools stock listed on Amex under symbol IED.
Year 2003 Highlights:

Revenue for 2003 advanced 31% from 2002;
Net income for 2003 before income taxes and a cumulative effect of an accounting change was $30,000 compared to a loss of $1.7 million in 2002; and
Financial condition is strong and improving.
INVESTools Inc., (AMEX:IED - News), the market leader in fulfilling the lifelong education needs of self-directed investors, today announced that revenue rose 50% in the fourth quarter, ended December 31, 2003, to $24.0 million from $16.0 million in the same period a year ago. The Company reported that net profit climbed 91% to $687,000, or $0.01 a share, in the period, up from $360,000, or $0.01 a share, in the fourth quarter of 2002.

For the full year of 2003, revenue advanced 31% to $73.4 million from $56.1 million in the prior year.

The net loss for the year narrowed to $1.5 million from $29.9 million a year ago. Net income for 2003 before income taxes and a cumulative effect of an accounting change was $30,000 compared to a loss of $1.7 million in 2002.